Seven Starling, a digital ladies’s behavioral well being firm, introduced Tuesday that it raised $10.9 million in Sequence A funding, which it is going to use to assist extra ladies entry its companies.
Washington, D.C.-based Seven Starling is initially centered on maternal psychological well being (although it plans to develop to different phases of life down the road). Ladies are normally referred to the corporate by their OBGYN after which are paired up with a therapist who focuses on perinatal psychological well being. Sufferers additionally get entry to group remedy, medicine administration companies, a affected person advocate and in-app content material and workout routines. The corporate is in community with most main industrial plans, together with UnitedHealthcare, Aetna and Cigna.
The Sequence A funding spherical was led by RH Capital and included participation from Pear VC, Expa, Amplify Ventures, Emerson Collective, Inflect Well being, Zeal Capital Companions, Ulu Ventures, Fiore Ventures, the March of Dimes, Rogue Enterprise Companions, Graham & Walker and Knowledge Ventures. In whole, Seven Starling has raised $14.3 million.
What’s vital about this financing is that the majority of Seven Starling’s buyers are feminine and the corporate has an all-female board, stated Tina Beilinson Keshani, co-founder and CEO of Seven Starling. This comes at a time when the enterprise capital area is male-dominated.
Seven Starling is addressing an unmet want, in accordance with RH Capital.
“We’re excited by the great and scalable choices, together with group remedy to develop entry,” stated Alice Zheng, MD, principal at RH Capital, in an announcement. “As a latest mother of two myself, I’ve been shocked by the shortage of perinatal psychological well being help out there relative to want and am grateful to see Seven Starling filling that hole.”
With the financing, Seven Starling is concentrated on increasing to extra sufferers. Whereas it at the moment works with most main industrial plans, it’s getting ready to start out accepting Medicaid. It’ll additionally develop to 10 to fifteen extra states. It at the moment operates in Maryland, Virginia, Texas, New York and Washington D.C. As well as, the funding will assist Seven Starling construct out its engineering crew and expertise, Beilinson Keshani stated.
At present, about one in 5 ladies battle a psychological well being or substance use dysfunction throughout the perinatal interval. But solely 20% of ladies are screened for psychological well being points throughout this time, in accordance with Beilinson Keshani, who has skilled her personal psychological well being challenges.
“I’m a mother myself,” she stated in an interview. “I’m additionally newly postpartum. I’ve gone via the ups and downs of the motherhood journey with being pregnant, miscarriage, postpartum and I’m additionally grateful to have Seven Starling as a useful resource for myself.”
There may be some enchancment within the ladies’s psychological well being area, Beilinson Keshani famous. The Biden-Harris Administration just lately introduced $27.5 million in funding for girls’s behavioral well being. Seven Starling can also be a part of a federal activity power that shaped final yr to enhance maternal psychological well being within the U.S.
In the end, Beilinson Keshani’s mission with Seven Starling is two-fold.
“Primary, it’s to drive entry to ladies’s behavioral well being companies and allow any lady that’s struggling to get the care that she deserves. And second is to cut back the stigma of getting and searching for assist,” she stated.
Different ladies’s psychological well being firms embrace Mavida Well being and LunaJoy.
Picture credit score: Knape, Getty Photos
